HFR: Most Hedge Funds Bounce Back In April

May 8 2008 | 9:58am ET

Hedge funds almost halved their year-to-date losses in April, Hedge Fund Research reports.

The firm’s HFRI Fund Weighted Composite Index rose 1.64% last month, leaving it down 1.78% on the year. Funds of hedge funds did rather less well, adding 0.86%, leaving them down 3.3% in 2008.

All but four of HFR’s 23 strategy, regional and subindices were in positive ground last month. Emerging markets did best, returning 3.54% in April, though it remains down 3.85% year-to-date. Equity hedge funds also had a strong April, rising 3.08%. Those funds are down an average of 2.97%.

Relative value funds added 1.24% last month (down 2.06% YTD), while event-driven funds rose 1.1% (down 2.32% YTD). Of the major strategy indices, only macro funds posted a losing April, dropping 0.55%, though it is the only major strategy index in positive ground in 2008 at 3.53%.

The Asia ex-Japan and Latin America indices were the strongest subindinces in April, rising 5.49% (down 6.92% YTD) and 5.08% (up 3.08% YTD). LatAm funds are the only emerging markets funds in positive ground this year.

Other strong performances were turned in by technology/healthcare funds (4.06% in April, down 2.8% YTD) and relative value yield alternatives funds (3.03%, down 1.2% YTD).


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note